SAP SE (NYSE:SAP) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its position in shares of SAP SE (NYSE:SAP - Free Report) by 87.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,464 shares of the software maker's stock after selling 10,021 shares during the quarter. Diversified Trust Co's holdings in SAP were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SAP. FMR LLC increased its holdings in SAP by 22.3% during the 3rd quarter. FMR LLC now owns 10,246,279 shares of the software maker's stock worth $2,347,422,000 after purchasing an additional 1,866,468 shares during the period. International Assets Investment Management LLC purchased a new position in shares of SAP in the 3rd quarter valued at $40,573,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of SAP by 644.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,330 shares of the software maker's stock valued at $37,648,000 after acquiring an additional 142,270 shares during the period. Marshall Wace LLP purchased a new position in shares of SAP in the 2nd quarter valued at $21,479,000. Finally, Mediolanum International Funds Ltd purchased a new position in shares of SAP in the 3rd quarter valued at $17,376,000.

SAP Stock Performance

SAP traded down $1.98 on Friday, reaching $251.51. 984,796 shares of the stock were exchanged, compared to its average volume of 1,011,616. The company's 50-day moving average price is $243.45 and its 200 day moving average price is $226.28. SAP SE has a fifty-two week low of $154.96 and a fifty-two week high of $256.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $308.98 billion, a PE ratio of 100.60, a PEG ratio of 4.94 and a beta of 1.22.

SAP (NYSE:SAP - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The software maker reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.31 by ($0.08). SAP had a return on equity of 11.44% and a net margin of 8.15%. The firm had revenue of $8.47 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the firm posted $1.20 EPS. The business's revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that SAP SE will post 4.8 EPS for the current fiscal year.

Analysts Set New Price Targets

SAP has been the topic of a number of analyst reports. JMP Securities lifted their price target on SAP from $245.00 to $300.00 and gave the company a "market outperform" rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price target on SAP from $248.00 to $265.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. TD Cowen lifted their price target on SAP from $234.00 to $240.00 and gave the company a "hold" rating in a report on Tuesday, October 22nd. Finally, Barclays boosted their target price on SAP from $252.00 to $275.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, SAP has a consensus rating of "Moderate Buy" and a consensus price target of $252.33.

SAP Profile

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.